South32 Ltd. (OTCMKTS:SOUHY) Short Interest Down 64.6% in June

South32 Ltd. (OTCMKTS:SOUHY) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 96,896 shares, a decrease of 64.6% from the June 15th total of 273,669 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 253,695 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SOUHY shares. Zacks Research raised shares of South32 from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Citigroup reaffirmed a “buy” rating on shares of South32 in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

South32 Price Performance

OTCMKTS:SOUHY opened at $14.17 on Monday. The company has a quick ratio of 1.99, a current ratio of 2.71 and a debt-to-equity ratio of 0.14. The company has a 50 day moving average price of $15.24 and a 200-day moving average price of $15.04. South32 has a 1-year low of $8.07 and a 1-year high of $17.50.

South32 Company Profile

South32 is a diversified metals and mining company headquartered in Perth, Australia. Established in May 2015 through a demerger from BHP Billiton, the company focuses on the extraction, processing and marketing of commodities that underpin global industrial and consumer demand. South32’s portfolio includes alumina, aluminum, bauxite, metallurgical coal, manganese, nickel, silver, lead and zinc, making it a key participant across several commodity markets.

The company’s operations are organized by commodity and geography.